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Old 10-08-2019, 05:17 PM   #16
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Re: Basement finishing sticker shock


I'm 100 miles north of you, and of course, it is high for this area. I've never really figured it by the square foot, because owners want different accouterments, like you mentioned....fireplace, kitchen, etc. Less without, and more with.
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Old 10-08-2019, 05:42 PM   #17
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Re: Basement finishing sticker shock


I finished my own...around 1000 square feet finished area. It has a half kitchen/bar type area and a full bath. Total price for my DIY was around $20,000. I've had the inspector who was a former finisher tell me he would charge $80-90k for what I did.
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Old 10-09-2019, 08:33 AM   #18
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Re: Basement finishing sticker shock


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Originally Posted by clay1g1 View Post
I remeasured my basement and it is approx 1622 sq ft (space to be finished) so this contractor's price is $85 sq ft. He wrote my wife back and told her that the avg sq ft cost for a basement renovation that includes HVAC is $85-95 sq ft.

I would agree with the $85 number if we were putting in a fuller kitchen or adding some expensive touches (stack stone fireplace, elaborate stone tile, etc) But we are using carpet thru out, not adding a fireplace and using standard moldings. The only pricey part is we are having a full bath added (sink, toilet, shower stall).

Does anyone know a real average sq ft cost?
Taking his cost and dividing by SF means nothing, and not sure how you measure "agree with $85." It is absolutely impossible to get a SF cost in residential construction (many on forums will state a cost but they can only take their actual cost divided by their SF for their location, which does not apply to your location or your design). There are too many variables in finishes and materials. There are too many variables if you are installing a new air handler and ductwork. There are too many variables in room layouts (how many doors, how many lights, how intense electrical, etc) . . . . .

The only way to get an "appropriate" price is a detailed construction plan and multiple bids that you can compare apples to apples.
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Last edited by 3onthetree; 10-09-2019 at 08:36 AM.
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Old 10-10-2019, 12:50 PM   #19
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Re: Basement finishing sticker shock


Get a material list, calculate costs, then shop for contractor. The average cost is between 35 and 60 per square foot. We finished a 980 sq/ft basement with main area, bedroom, full bathroom with ejector pump underground to avoid step up into bathroom, wine cellar, 2 steel spans to remove 4 lolly columns, the engineering for the beams and bilco doors cut into walls (prefab stairs, etc). My material list hit aboute 8K (not inc. the steel and bilco and flooring). I start the converation with "I dont have the time which is why your are here" and sent contractors my material list with HD costs associated. Final bid...44K. 6 weeks * 5 guys * 5 days a week * 8 hours * 25 per hour = 30K in labor (his cost, not your price). If hes paying more than 26 his guys would join the union. It should NEVER take 125 man days to finish a basement. Doubt your basement is running 100K in parts.
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